Fund Accountant-Fund Services
Employment Type: Permanent
Location: Century City - Hybrid
Apply for jobRole Description
To collate, calculate, process, investigate and check fund information in order to produce the Net Asset Values for the specific Funds which administers within defined deadlines and regulatory requirements.
Main responsibilities and duties
- Prepare, monitor and capture cash movements (cash management), investment trades and update transactions on the accounting system to ensure an accurate and timely delivery of the NAV.
- Prepare and perform weekly/daily cash and stock reconciliations including proper investigation of all outstanding issues to ensure timely resolution of any reconciling differences and no NAV errors occur.
- Monitor daily/monthly asset pricing and pricing sources for corporate actions to ensure securities are updated and valued correctly on the accounting system and no asset pricing errors occur in the valuation.
- Perform and check weekly/daily expense and calculations to ensure that they are reflected correctly in the Net Asset value calculation.
- Prepare and produce and accurate NAV to ensure that Reviewers discover no errors on work reviewed resulting in the timely delivery of the NAV’s.
- Proactively investigate queries with dealers, brokers, custodians, auditors and clients to ensure a timely resolution on all queries. Where applicable to communicate and escalate potential issues in a prompt and effective manner.
- Understand and implement company policies and procedures, client service level agreements and internal controls to ensure compliance thereof and no Custodian or external audit findings occur as a result of them not being applied.
- Monitor and perform weekly/monthly compliance checks to ensure all scheme particulars are adhered to and no concern is raised in Compliance’s reviews and reports.
- Prepare and send out all valuation emails to a pre-defined distribution list to ensure all parties have been timely informed of the NAV.
- Prepare and complete all quarterly statutory returns to ensure specific funds regulatory requirements are fulfilled.
- Accurately update and maintain the relevant sections in the delivery matrix to ensure all parties are aware of what has been completed and Oversight can promptly review the NAV where required.
- Monitor client mailboxes on a daily basis. Resolving queries where possible or escalating where required.
- Maintain investor registers and ensure only authorised changes are made and that these are done in a timely manner.
- Subject to client approvals, respond to any investor queries that may arise.
- Prepare drawdown and distribution notices where requested from the General Partner.
- Prepare capital account statements
Role Requirements
- Completed university degree in a relevant discipline including Accounting, Finance and Investments.
- Completed 3-year SAICA/SAIPA articles.
- Excellent numeracy skills.
- High level of accuracy and attention to detail.
- Works well under pressure.
- Strong problem-solving abilities.
Role remuneration
To be discussed…